The situation is day by day worsening, so it is bankrupt. Italian economist predicted this almost 10 years back from now.

Nature, holy nature!I do not sit in a church to feel better about me. In walled rooms ... No! If i want to feel better I go in the nature, to a sea or a&#65279; forest! That makes me happy. Nature gives me power and a pure feeling of life.Churches are the cesspit of all the impurity that people gather voluntarily.

Water, trees and&#65279; birds, they dont judge, they embrace you without expecting anything in return.People go to church to feel accepted,&#65279; and it works for some people; I have no problem with that. I just don't think that going to church is the right path for all people, that is why I cherish the ability to believe what I want. Don't hesitate to hold your own beliefs even if they do not coincide with the Bible.

The unspoken yet obvious truth! This has in fact been the case for the USA for most all of our natural lives!...Bring back the trees, the prairies, and the buffalo! Then maybe the eagle will protect us once more!

there was plenty of opportunity to change the course, the information was disseminated effectively- and you all chose to support the same fucking assholes that trashed your educational system and spent all of your fucking money.

now you wanna cry?fuck you.

/rant

Quoting: Anonymous Coward 27851254

Collective guilt doesn't work anymore. Fuck you very much. Thank you

Quoting: Mr. Toppit

right. avoiding responsibility is still cool though.

Quoting: Anonymous Coward 27851254

When you say responsibility you mean to say I am responsible for all the libtards with 7 kids by 6 dads that I'm supposed to care for, right?

there was plenty of opportunity to change the course, the information was disseminated effectively- and you all chose to support the same fucking assholes that trashed your educational system and spent all of your fucking money.

now you wanna cry?fuck you.

/rant

Quoting: Anonymous Coward 27851254

Collective guilt doesn't work anymore. Fuck you very much. Thank you

Quoting: Mr. Toppit

right. avoiding responsibility is still cool though.

Quoting: Anonymous Coward 27851254

When you say responsibility you mean to say I am responsible for all the libtards with 7 kids by 6 dads that I'm supposed to care for, right?

Quoting: Anonymous Coward 28540064

I cares for all them chilluns. I wants to work 80 hours a week sose they can eats. An their fat mamas can smoke a crack pipe. That's the Obama way.

There are a couple of important considerations that should be mentioned. First off you are correct in that the United States corporation is in fact bankrupt. Our beloved president and his cabinet have opted to conceal this fact from the American people.

But what is important to note is that the widely publicized debt is actually between 1/4 to 1/5 of the corporation's actual debt.

Also of importance are the number of financial concessions currently owed to the American people for the crimes and infractions the United States corporation has committed against us.

The irony is that the government pretends that we the people carry this enormous debt. That we actually owe the government. In truth, it is the government that owes us.

Quoting: Anonymous Coward 27901460

The American economy's fatal blow to the head came in the guise of the Vietnam war. It was an absolute drain financially, as well as a magic bullet to the American psyche.

It's all been marijuana smoke and cocaine mirrors since.

Blame who you want it doesn't matter, because neither party knows how to fix this because because both parties know nothing can fix this.

It's over.

And do you know why?

Because this wound has festered and spread to the entire global economy.

Get the scope yet?

It's way beyond political ideology.

You can only animate the corpse for so long because a corpse, no matter how much makeup and perfume you use, will continue to rot.

As of today, the nation's true indebtedness (promises that have been made for spending obligations, less all the taxes the Treasury expects to collect) exceeds $222,000 Billion. The indebtedness to Gross Domestic Product ($16,100 Billion) is a staggering 13.8 to 1. The United States is not facing bankruptcy, it is bankrupt.

Quoting: davvi

As a student who is currently studying economics, i have no idea what you are talking about.

Our yearly deficit(expenditures-revenue) is about 1.3 trillion. I'm not quiet sure where u get this 222billion or the 16 billion.

What is the definition of 'bankrupt' in the context of the entire economy?

Just curious. It could put the whole argument to rest.

Quoting: Anonymous Coward 17703725

Ahhh but there's the rub....they can keep printing money until the USA goes Weimar.

As long as they can still print their way out of it....and the Chinese accept devalued printed money as payment of debt....the system still functions.

...again.....until it goes Weimar....and there will be no warning when that happens.

Quoting: Burt Gummer

I'm sure that they CAN print more money. Argentina printed more money in the late 80s & throughout the 90s. Greece prints money. Spain prints money. North Korea probably prints money. That doesn't mean none of them are bankrupt. It just means they are procuring money that's not actually legitimate.

Obama can say America isn't bankrupt just like any other person can, and he can also print lots of money, and use fancy terms to avoid the B word, but what is the actual definition of fiscally bankrupt?

Depending on the answer to that, America may actually be in no better a situation than Spain.

I'm sure that they CAN print more money. Argentina printed more money in the late 80s & throughout the 90s. Greece prints money. Spain prints money. North Korea probably prints money. That doesn't mean none of them AREN'T bankrupt.

What is the definition of 'bankrupt' in the context of the entire economy?

Just curious. It could put the whole argument to rest.

Quoting: Anonymous Coward 17703725

Ahhh but there's the rub....they can keep printing money until the USA goes Weimar.

As long as they can still print their way out of it....and the Chinese accept devalued printed money as payment of debt....the system still functions.

...again.....until it goes Weimar....and there will be no warning when that happens.

Quoting: Burt Gummer

I'm sure that they CAN print more money. Argentina printed more money in the late 80s & throughout the 90s. Greece prints money. Spain prints money. North Korea probably prints money. That doesn't mean none of them are bankrupt. It just means they are procuring money that's not actually legitimate.

Obama can say America isn't bankrupt just like any other person can, and he can also print lots of money, and use fancy terms to avoid the B word, but what is the actual definition of fiscally bankrupt?

Depending on the answer to that, America may actually be in no better a situation than Spain.

So, what defines bankruptcy? I suppose we could check a dictionary..

Quoting: Anonymous Coward 17210254

Not Obama, Ben Bernanke. He is the only person who can create money out of thin air. All they do is add reserves to the banks with the click of a mouse. Its called quantitative easing and its equivalent to "printing money".

But it is also very different because "printing money" like what was done in zimbabway not to long ago usually leads to inflation, however we have had no inflation problems. The large problem is ganna come when the fed stops buying bonds(our debt) and the interest rates skyrocket

What is the definition of 'bankrupt' in the context of the entire economy?

Just curious. It could put the whole argument to rest.

Quoting: Anonymous Coward 17703725

Ahhh but there's the rub....they can keep printing money until the USA goes Weimar.

As long as they can still print their way out of it....and the Chinese accept devalued printed money as payment of debt....the system still functions.

...again.....until it goes Weimar....and there will be no warning when that happens.

Quoting: Burt Gummer

I'm sure that they CAN print more money. Argentina printed more money in the late 80s & throughout the 90s. Greece prints money. Spain prints money. North Korea probably prints money. That doesn't mean none of them are bankrupt. It just means they are procuring money that's not actually legitimate.

Obama can say America isn't bankrupt just like any other person can, and he can also print lots of money, and use fancy terms to avoid the B word, but what is the actual definition of fiscally bankrupt?

Depending on the answer to that, America may actually be in no better a situation than Spain.

So, what defines bankruptcy? I suppose we could check a dictionary..

Quoting: Anonymous Coward 17210254

Not Obama, Ben Bernanke. He is the only person who can create money out of thin air. All they do is add reserves to the banks with the click of a mouse. Its called quantitative easing and its equivalent to "printing money".

But it is also very different because "printing money" like what was done in zimbabway not to long ago usually leads to inflation, however we have had no inflation problems. The large problem is ganna come when the fed stops buying bonds(our debt) and the interest rates skyrocket

Quoting: Royy

they announce this shit n no none seems to care, i think they are on qe 4 now... officially

What is the definition of 'bankrupt' in the context of the entire economy?

Just curious. It could put the whole argument to rest.

Quoting: Anonymous Coward 17703725

Ahhh but there's the rub....they can keep printing money until the USA goes Weimar.

As long as they can still print their way out of it....and the Chinese accept devalued printed money as payment of debt....the system still functions.

...again.....until it goes Weimar....and there will be no warning when that happens.

Quoting: Burt Gummer

I'm sure that they CAN print more money. Argentina printed more money in the late 80s & throughout the 90s. Greece prints money. Spain prints money. North Korea probably prints money. That doesn't mean none of them are bankrupt. It just means they are procuring money that's not actually legitimate.

Obama can say America isn't bankrupt just like any other person can, and he can also print lots of money, and use fancy terms to avoid the B word, but what is the actual definition of fiscally bankrupt?

Depending on the answer to that, America may actually be in no better a situation than Spain.

So, what defines bankruptcy? I suppose we could check a dictionary..

Quoting: Anonymous Coward 17210254

Not Obama, Ben Bernanke. He is the only person who can create money out of thin air. All they do is add reserves to the banks with the click of a mouse. Its called quantitative easing and its equivalent to "printing money".

But it is also very different because "printing money" like what was done in zimbabway not to long ago usually leads to inflation, however we have had no inflation problems. The large problem is ganna come when the fed stops buying bonds(our debt) and the interest rates skyrocket

Ahhh but there's the rub....they can keep printing money until the USA goes Weimar.

As long as they can still print their way out of it....and the Chinese accept devalued printed money as payment of debt....the system still functions.

...again.....until it goes Weimar....and there will be no warning when that happens.

Quoting: Burt Gummer

I'm sure that they CAN print more money. Argentina printed more money in the late 80s & throughout the 90s. Greece prints money. Spain prints money. North Korea probably prints money. That doesn't mean none of them are bankrupt. It just means they are procuring money that's not actually legitimate.

Obama can say America isn't bankrupt just like any other person can, and he can also print lots of money, and use fancy terms to avoid the B word, but what is the actual definition of fiscally bankrupt?

Depending on the answer to that, America may actually be in no better a situation than Spain.

So, what defines bankruptcy? I suppose we could check a dictionary..

Quoting: Anonymous Coward 17210254

Not Obama, Ben Bernanke. He is the only person who can create money out of thin air. All they do is add reserves to the banks with the click of a mouse. Its called quantitative easing and its equivalent to "printing money".

But it is also very different because "printing money" like what was done in zimbabway not to long ago usually leads to inflation, however we have had no inflation problems. The large problem is ganna come when the fed stops buying bonds(our debt) and the interest rates skyrocket

I'm sure this is just the type of behavior he condones. And just the other day he made reference to the fact that NO COPS EVER do anything wrong, never knock on the wrong doors, and NEVER abuse authority.

As of today, the nation's true indebtedness (promises that have been made for spending obligations, less all the taxes the Treasury expects to collect) exceeds $222,000 Billion. The indebtedness to Gross Domestic Product ($16,100 Billion) is a staggering 13.8 to 1. The United States is not facing bankruptcy, it is bankrupt.

Quoting: davvi

As a student who is currently studying economics, i have no idea what you are talking about.

Our yearly deficit(expenditures-revenue) is about 1.3 trillion. I'm not quiet sure where u get this 222billion or the 16 billion.